Mideast Stocks: Dubai continues to gain from Emirates NBD's $2.8bln deal | ZAWYA MENA Edition:
Dubai's stock market rose for the sixth straight session on Thursday as top lender Emirates NBD extended gains after it announced a deal to buy Turkey's Denizbank, while most major Gulf markets inched up.
The Dubai index increased 0.6 percent, with Emirates NBD adding 4 percent in active trade.
On Wednesday, the bank said it will buy Denizbank for 15.48 billion lira ($2.75 billion) from Russia's state-owned Sberbank. The offer is a roughly 20 percent discount to a previously agreed price after a steep fall in the Turkish lira.
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